Sterling Digital (LSE:ASIC) has begun site installation works at its West Texas site ahead of the expected arrival of mining equipment.
The move advances the company’s plan to develop low-energy-cost digital asset mining operations in the United States using stranded natural gas to generate electricity, a model it says delivers materially lower production costs while monetising otherwise-flared gas.
“This is a defining moment for Sterling, bringing months of planning, engineering and procurement into operational reality and moving the company significantly closer to full operational capacity,” Stefan Michealides, CEO, said.
Sterling says site survey and geotechnical assessments are complete, grid connection agreements are in place, and proprietary energy optimisation infrastructure is being deployed as part of the initial installation phase.
Installation works mark the transition from planning, procurement and contracting into on-site execution as the company prepares for equipment arrival and subsequent operations.
